Post
Topic
Board Speculation
Re: Fair value is at 53.31$ ;-)
by
tbeau1
on 10/03/2013, 10:24:09 UTC
The only Bitcoins "made" every day are the ones generated through mining.  That is, 25BTC per blocks.

Not sure if you comment was directed at what I said, but yes... 25BTC per block, 6 blocks per hour, for 24 hours is 3600 BTC

Quote
Now, just wait until ASICs come out.  Let's see the prices when difficulty raise from 4.5M to 500~800M...  That is coming soon.

Honestly, as much demand for Bitcoins there has been since the start of the year... I don't see the few coins being mined having much affect at all on the price. Considering only 3600 are made each day, which would get gobbled up in the exchanges in a matter of minutes.

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